Thursday, 7 March 2013

Product: People might not find the product interesting or suitable, therefore sales may decrease.
Location: There might be strong competitors around the area, thus decreasing sales. Also, if we are creating a technology company, we do not want to build in a cosmetics district.
Business Management: If we are always fighting, there will not be cooperation between co-workers, and things may go wrong.

Economic: The market and economy may be low, as people want to save money, and sales will drop.
Technology: Our technology may not be up to date, or not cutting-edge, and more people will be attracted to the other better technology.
Social: People might not be interested in a specific type of game, therefore sales will decrease partially.

External:
Geographical- Earthquakes can destroy buildings.
Economic Changes- If economy is bad, business will be bad :(
Higher Standard of Living- Will Affect Company Business if people become richer.

Internal:
Product- Food Quality must be good and healthy to have a good reputation
Location- Set Up in a Populated Area with minimal competition
Management-Bad management will result in conflict within the company and destroy the internal trust.

3 internal factors-1. products (what they sell) The designs, price, variety and quality of the product.
, management( how they manage the company and the decision they make.
) and resources(where they get their supplies from and how expensive they charge.